Congressman Tom Emmer, who stands out for his crypto affinity, stated that SEC Chairman Gary Gensler is a malicious regulator.
Crypto crackdowns by US regulators have come under intense criticism from many. Regulators, who make tough and sharp decisions, do not give the crypto industry a breather.
Visiting crypto journalist Laura Shin’s podcast, pro-crypto congressman Tom Emmer spoke about the pressures of SEC Chairman Gary Gensler on crypto. Emmer said Gensler was malicious.
Tom Emmer Speaks About SEC Chairman Gary Gensler
Crypto friendly Tom Emmer criticized SEC Chairman Gary Gensler’s approach to the crypto industry and cited Gensler as a malicious regulator.
In an interview with crypto journalist Laura Shin, Emmer made harsh statements about SEC Chair Gensler. Emmer underlined Gensler’s open door policy, saying that this is a door that can be entered at your own risk.
Speaking about the Wells Statement sent by the SEC to Coinbase, Emmer said that Coinbase was “slapped” by the SEC, even though there were no results from the meetings.
According to the crypto dude, Coinbase has actively worked with the agency, receiving compliance feedback. However, Gensler did not hesitate to fall on Coinbase despite all these notifications.
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